“K”Line’s CO2 Reduction Target Certified as “Science Based Target (SBT)”: Evaluated as the Goal to Contribute to the Paris Agreement
“K” Line’s CO2 reduction targets were approved to be scientifically consistent with the level achieving to the “Paris Agreement” set binding 2℃ goal *1 for rise of global temperature and obtained certification from an international initiative, Science Based Target Initiative (SBTi)*2.
In March 2015, “K” LINE introduced their long-term environmental vision,“K” LINE Environmental Vision 2050 “Securing Blue Seas for Tomorrow”*3 and set an environmental target to reduce CO2 emissions from their operating ships by half before 2050 as one of their counter-measures against global warming. (see below diagram)
At this juncture, we set the interim target to reduce CO2 emissions by 10% for 2019 and successfully accomplished ahead of schedule the target in 2015 and set a new interim target to reduce CO2 emissions by 25% for 2030. At this time, this milestone has been certified with SBTi.
SBTi is a joint initiative established by CDP*4 and other organizations in order to promote the achievement of science-based emission-reduction targets for greenhouse gases, and the existence of SBT is adopted as a part of evaluation item in CDP.
As of 13 Feb, 2017, 211 of the major companies around the world have declared to set SBT, in their companies, including ”K” Line, of which 35 companies’ targets have already been certified by SBTi.
As a world–leading marine transport operator, “K” Line continues to aim at providing more environmentally-friendly and efficient transportation services for more people all over the world and is making every effort to improve its corporate value.
*1 the “Paris Agreement” set binding 2℃ goal
Paris agreement is a framework against global climate change which came into force on 4 Nov 2016, its achievement of “2℃ goal” for holding the increase in the global average temperature to well below 2℃ above pre-industrial levels, placed as the international issue.
*2 Science Based Target Initiative（SBTi）
It is an initiative about Science Based Target for greenhouse gas reduction and a joint initiative between CDP, UNGC (United Nations Global Compact), WRI (World Resources Institute) and WWF (World Wide Fund for Nature), which checks whether the compaines’ medium-term reduction targets (5-15 years) for green-house gases are consistent with the level of necessary decarbonization for achieving the long-term “2℃ goal” based on their own science-based CO2 emission standard.
*3 “K” Line Environmental Vision 2050
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Source: K Line